China Railway denies report of buying stake in Inter Milan

"The company, its holding companies and its joint-stock companies have
never engaged in negotiations with Inter Milan on stake purchases," CRCC
said in a statement filed to the Shanghai Stock Exchange. However, the
statement said the China Railway 15th Bureau Group, controlled by CRCC, was in
talks with Inter Milan to build a new stadium at the San Donato Site. Recently,
media reported that CRCC would buy a minority stake in Inter Milan to become
the club's second-biggest shareholder, citing a circular on the club's
website. (Xinhua)